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The Latest Breaking News from Benzinga

Satya Nadella Turns To Cloud Playbook For AI Era, Appoints Veteran Rolf Harms To Lead Business Model Overhaul: Report

Microsoft (NASDAQ:MSFT) CEO Satya Nadella is reportedly set to revolutionize the company’s business model for the AI era, similar to what the software giant did with the cloud, and he has appointed a key executive to lead this transformation.

Benzinga

Michael Burry Says Nvidia Spent $112.5 Billion On Buybacks Adding 'Zero' Shareholder Value — 'The True Cost...'

Famed “Big Short,” investor Michael Burry, known for his prescient bet against the housing market, has publicly questioned Nvidia Corp.‘s (NASDAQ:NVDA) capital allocation strategy, asserting that the tech giant’s $112.5 billion spent on stock buybacks since 2018 has effectively yielded “zero” additional shareholder value.

Benzinga

Democrat Lawmaker Teresa Leger Fernandez Says Teachers Have More Work Ethic 'In Their Pinky Finger' Than Elon Musk Amid Trillion Dollar Package Row

Rep. Teresa Leger Fernandez (D-NM) has slammed Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk amid criticism of the latter's trillion-dollar CEO compensation package, which received approval from Tesla shareholders earlier this month.

Benzinga

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Dave Ramsey Co-Hosts Stunned After Caller Making $130,000 Considers Bankruptcy Over $25,000 Debt: 'America Just Lost All Empathy'

A high-income caller shocked Dave Ramsey co-hosts when he revealed he was considering bankruptcy over debts they argued could be paid off quickly with proper budgeting.

Benzinga

AOC Warns Of '2008-Style' Risks From AI Bubble, Says Tech Giants Shouldn't Expect A Bailout

Rep. Alexandria Ocasio-Cortez (D-NY) has raised concerns about a potential AI bubble and its economic repercussions, suggesting that there should be no government bailout for AI companies.

Benzinga

Michael Saylor Says Strategy Will Continue To Create Shareholder Value As Long As Bitcoin Grows By This Much Annually

Michael Saylor, Executive Chairman of Strategy Inc. (NASDAQ:MSTR), defended his company’s business model on Wednesday, asserting that it can withstand Bitcoin’s (CRYPTO: BTC) fluctuations and continue to provide value to shareholders.

Benzinga

Nasdaq Gains Over 100 Points Following Release Of Fed Minutes: Fear & Greed Index Remains In 'Extreme Fear' Zone

The CNN Money Fear and Greed index showed almost no change in the overall fear level, while the index remained in the “Extreme Fear” zone on Wednesday.

Benzinga

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Trump Administration Projects 'Record-Breaking' Tax Refunds For 2026 —Tax Payers Can Expect 'Extra $1,000 Bump'

American taxpayers might be looking at a windfall next year, with the Donald Trump administration projecting that the 2026 tax filing season will deliver the largest average refunds on record.

Benzinga

US Clears $93 Million Sale Of Javelin Missiles, Excalibur Artillery To India In First Major Deal Since Trump Tariff Spat

The U.S. State Department has given the approval for the sale of Javelin anti-tank missile systems and Excalibur guided artillery munitions to India, worth a total $93 million, the U.S. Defense Security Cooperation Agency (DSCA) announced on Wednesday.

Benzinga

What's Driving InMed's (INM) 22% After-Hours Surge?

InMed Pharmaceuticals Inc. (NASDAQ:INM) shares rose 21.98% in after-hours trading Wednesday, reaching $1.50.

Benzinga

Elon Musk Says 'You Must Have Solar-Powered AI Satellites In Deep Space' — Adds It's 'Handy' To Have SpaceX

SpaceX CEO Elon Musk said it’s good to have his space exploration company, SpaceX, while talking about AI data centers in space.

Benzinga

Joe Biden To Join George W. Bush At Dick Cheney's Washington Funeral In A Rare Display Of Bipartisan Respect Amid Silence From Trump

Former President Joe Biden will be among several prominent leaders attending Dick Cheney's funeral at the Washington National Cathedral on Thursday.

Benzinga

Navitas Stock Surges Over 300% In A Year — Here's Why It's Trending Tonight

Navitas Semiconductor Corporation (NASDAQ:NVTS) shares are trending on Thursday.

Benzinga

Bullish CEO Sees Growth Catalyst In Crypto Market Structure Bill: 'Not Having To Go To Each Of The 50 States' To Gain Approvals Will Be A 'Boon'

Thomas Farley, the CEO of Bullish (NYSE:BLSH), said on Wednesday that the passage of the cryptocurrency market structure bill will be “great” for the company and the broader industry.

Benzinga

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Amazon Is Sending Automatic Refunds To Millions After Record $2.5 Billion FTC Settlement: Here's What You Must Do To Claim Yours

On Wednesday, Amazon.com, Inc. (NASDAQ:AMZN) began issuing automatic refunds to millions of customers as part of a sweeping $2.5 billion settlement with federal regulators.

Benzinga

Scott Bessent Compares '$20 Trillion' In Investments Under Trump With Biden's $1 Trillion In 4 Years, Says President Laying Foundation Of 'Golden Age'

Treasury Secretary Scott Bessent highlighted the unprecedented wave of capital flowing into the United States, resulting from new corporate plans and trade agreements under President Donald Trump, which he said is beyond what was seen under prior administrations.

Benzinga

Trump Vows To Do 'Something Very Powerful' To Help Stabilize Sudan Conflict After Saudi Crown Prince's Appeal

U.S. President Donald Trump on Wednesday vowed to help end Sudan's grinding civil war after a personal appeal from Saudi Crown Prince Mohammed bin Salman, condemning "tremendous atrocities" in a conflict he had previously paid little public attention to.

Benzinga

Gavin Newsom Says Trump And Greg Abbot 'Played With Fire' And Got Burned As Federal Court Blocks Texas Redistricting Map

On Tuesday, a federal court's decision to block Texas Republicans from using a new congressional map ahead of the 2026 elections has intensified national debates over race, voting rights and mid-decade redistricting.

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Bernie Sanders Questions Trump's 'America First' Credentials, Slams President's 'Support For Authoritarianism'

Sen. Bernie Sanders (I-Vt.) on Wednesday blasted President Donald Trump's lavish welcome for Saudi Crown Prince Mohammed bin Salman, calling the White House reception and state dinner a troubling embrace of "authoritarianism" and global oligarchs.

Benzinga

Jim Cramer Says He Likes Bitcoin, But Isn't Fond Of The 'Cabal' Trying To Keep BTC Above $90,000

Jim Cramer, market commentator and popular media personality, expressed concerns on Wednesday that a “cabal” is attempting to keep Bitcoin (CRYPTO: BTC) above $90,000, while also criticizing derivatives.

Benzinga

Nvidia CEO Jensen Huang Explains Why the Massive AI Spending Wave Actually Makes Perfect Sense: '... All Of It Justified'

On Wednesday, Nvidia Corp (NASDAQ:NVDA) CEO Jensen Huang pushed back on growing concerns that the world is heading toward an AI bubble, arguing that today's massive investments are rooted in a historic shift in how computing itself works.

Benzinga

TSLA Stock Gains After-Hours After Trump Says His Tax Bill Offers Deductions On Tesla Cars: 'You're So Lucky I'm With You Elon'

Tesla Inc. (NASDAQ:TSLA) shares surged 1.61% in after-hours trading on Wednesday after President Trump said that his administration has offered middle-income Americans deductions on interest on EV purchases, including Tesla vehicles, as part of the Big, Beautiful Bill.

Benzinga

What Sparked PACS Group Stock Jumped Over 45% In After-Hours Trading?

PACS Group Inc. (NYSE:PACS) shares jumped 45.48% in after-hours trading Wednesday, closing at $24.48, after the company released its third-quarter results and completed financial restatements.

Benzinga

Dan Ives Says It Was The 'Most Bullish' Call, El Erian Calls Chipmaker's Earnings A 'Macro Event': Analysts Explode With Optimism On Nvidia

Leading analysts are beaming with optimism on NVIDIA Corp. (NASDAQ:NVDA) and the broader AI trade, following the company’s strong third-quarter performance on Wednesday.

Benzinga

Peter Schiff Predicts 2026 Will Be 'Far Worse' For Bitcoin, Cameron Winklevoss Says 'Last' Chance To Buy Below $90,000

Economist Peter Schiff predicted on Wednesday that things would get “far worse” for Bitcoin (CRYPTO: BTC) once it fell below $88,000.

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